AVNET INC - Director's Dealing 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVNET INC (AVT)
CIK: 0000008858
Period of Report: 2011-02-17

Reporting Person: GALLAGHER PHILIP R (Senior Vice President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-25	Common Stock	G	4721	—	Disposed	20762	Direct
2011-01-25	Common Stock	G	4721	—	Acquired	33567	Indirect
2011-02-17	Common Stock	S	4721	$36.65	Disposed	28846	Indirect
2011-02-17	Common Stock	M	5000	$18.13	Acquired	25762	Direct
2011-02-17	Common Stock	F	3244	$36.74	Disposed	22518	Direct
2011-02-17	Common Stock	M	13590	$17.47	Acquired	36108	Direct
2011-02-17	Common Stock	F	6463	$36.74	Disposed	29645	Direct
2011-02-17	Common Stock	S	2900	$36.81	Disposed	26745	Direct
2011-02-17	Common Stock	S	5930	$36.80	Disposed	20815	Direct
2011-02-17	Common Stock	S	53	$36.91	Disposed	20772	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-17	Employee Stock Option (right to buy)	$18.13	M	5000	Disposed	2013-09-18	Common Stock (5000)	Direct
2011-02-17	Employee Stock Option (right to buy)	$17.47	M	13590	Disposed	2014-09-23	Common Stock (13590)	Direct

F1: Transfer to Family Trust.

F2: Surrender of shares in connection with cashless exercise and applicable taxes.

F3: Includes 15,933 shares as to which the Reporting Person disclaims beneficial ownership for incentive shares alloted but not yet delivered.

F4: Includes 10 shares acquired under the Avnet, Inc. Employee Stock Purchase Plan during January 2011.

F5: The option vested in four annual installments on September 19, 2004, 2005, 2006 and 2007.

F6: The option vested in four annual installments on September 23, 2005, 2006, 2007 and 2008.